E-car firm’s Nasdaq rise
Shares of Lucid Group rose as much as 19 percent in their Nasdaq debut Monday after the electric-vehicle maker completed its merger with a blank-check company backed by Wall Street dealmaker Michael Klein.
Lucid, which is run by an ex-Tesla engineer, had agreed to go public in February through a merger with Churchill Capital Corp. The deal gave the combined company a pro-forma equity value of $24 billion. Lucid shares were last up about 6 percent on Monday, having opened at $24.25.
BUSINESS
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2021-07-27T07:00:00.0000000Z
2021-07-27T07:00:00.0000000Z
https://nypost.pressreader.com/article/282037625195554
New York Post